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Measuring the Economic Effects of Military Base Closures
Author(s) -
Hooker Mark A.,
Knetter Michael M.
Publication year - 2001
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1093/ei/39.4.583
Subject(s) - economics , economic base analysis , demographic economics , per capita income , per capita , military base , job loss , economic impact analysis , labour economics , econometrics , public economics , macroeconomics , unemployment , microeconomics , population , demography , political science , public administration , sociology
In this article, we use a newly constructed dataset to analyze the county‐level employment and personal income effects resulting from closures of military bases during 1971–94. Our estimated multipliers are mostly less than one, and considerably smaller than those typically used in economic impact studies. We find that the employment costs are mostly limited to the direct job loss associated with military transfers out of the region, and per capita income is little affected by closures on average.